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Calendar Year

1999 in US Banking

1,347 bank events are on record for 1999: 8 failures, 1,063 mergers or acquisitions involving a bank, credit union or bank holding company, and 276 enforcement actions.

8
Failures
$1.59B in failed assets
1,063
Mergers
Federal Reserve NIC, banking organizations
276
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings

Jump to: Bank failures 1999 · Bank mergers 1999

How many banks failed in 1999?

8 banks failed in 1999, with $1.59B in assets. Each failure below links to its own page.

Date Bank HQ Assets Acquirer or resolution
Dec 10, 1999 Golden City Commercial Bank New York, NY $87.2M Cathay Bank
Nov 22, 1999 Pacific Thrift and Loan Co Woodland Hills, CA $127.3M Affinity Bank
Sep 10, 1999 Peoples NB of Commerce Miami, FL $36.8M Boston Bank of Commerce
Sep 1, 1999 First NB of Keystone Keystone, WV $1.12B Ameribank, Incorporated
Jul 9, 1999 East Texas NB of Marshall Marshall, TX $121.6M Fredonia State Bank
Jul 9, 1999 Oceanmark Bank, a FSB North Miami Beach, FL $69.0M Third FS&LA of Florida
Apr 23, 1999 Zia New Mexico Bank Tucumcari, NM $17.3M First National Bank of New
Mar 26, 1999 Victory State Bank Columbia, SC $13.2M South Carolina Community Ba

Which banks merged in 1999?

1,063 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 1999.

See the fuller list: Bank mergers 1999 with largest deals and credit union mergers ›

Date Acquired St Acquirer
Dec 31, 1999 Pottery Credit Union IL Credit Union 1
Dec 31, 1999 First Waukegan Corporation IL State Financial Services Corporation
Dec 31, 1999 Loujo Company WI M&I Marshall and Ilsley Bank
Dec 31, 1999 Patapsco Valley Bancshares, Inc. MD F&M Bancorp
Dec 31, 1999 National Business Bank CA Calwest Bank
Dec 31, 1999 Century Bank CA First Bank & Trust
Dec 31, 1999 The 780 North Corp. WI M&I Marshall and Ilsley Bank
Dec 31, 1999 Tri-County Federal Finance One MD Community Bank of the Chesapeake
Dec 31, 1999 Bancshares of Dyer, Inc. TN Civitas Bankgroup, Inc.
Dec 31, 1999 Commercial and Farmers Bank MD Farmers & Mechanics Bank
Dec 31, 1999 M&I Building Corp. WI M&I Marshall and Ilsley Bank
Dec 31, 1999 Letchworth Independent Bancshares Corporation NY Tompkins Financial Corporation
Dec 31, 1999 Republic Bank of New York NY HSBC Bank USA, N.A.
Dec 31, 1999 Richmond Bancorp, Inc. WI State Financial Services Corporation
Dec 31, 1999 Norwest Holding Company MN Wells Fargo & Company
Dec 31, 1999 FSB Investment Holdings Co., Inc. KS Community First Bank
Dec 31, 1999 State Financial Investments Inc. WI State Financial Bank
Dec 31, 1999 Republic New York Corporation NY HSBC USA Inc.
Dec 30, 1999 UB&T Holding Company TX State National Bancshares of Delaware, Inc.
Dec 30, 1999 Mid Am Private Trust, N.A. OH SKY Trust, N.A.
Dec 29, 1999 Dairy State Investments, Inc. WI Dairy State Financial Services, Inc.
Dec 29, 1999 Pinnacle Financial Consultants, Inc. IN Fifth Third Bancorp
Dec 28, 1999 Illinois District Federal Credit Union IL Revity Credit Union
Dec 28, 1999 Union Planters Realty Inc FL Union Planters Bank, National Association
Dec 28, 1999 Network Financial Corporation FL Union Planters Bank, National Association
Dec 28, 1999 Security First Bank CA Bank of Orange County
Dec 27, 1999 Ufs Capital Corporation WI Associated Banc-Corp
Dec 27, 1999 FFS Funding Corp., Inc. WI Associated Banc-Corp
Dec 24, 1999 (unnamed) — Amtrade International Bank of Georgia
Dec 23, 1999 Dunn County Bankshares, Inc. MN Bremer Financial Corporation
Dec 23, 1999 Norwest Agricultural Credit, Inc. SD Wells Fargo & Company
Dec 23, 1999 State Street Brokerage Services, Inc. MA State Street Bank and Trust Company
Dec 23, 1999 Dean Holdings, LLC MN Bremer Financial Corporation
Dec 22, 1999 First Southwest Bank LA First Guaranty Bank
Dec 21, 1999 River Bancorp, Inc. MN Community First Bankshares, Inc.
Dec 21, 1999 Bremer Premium Finance Corporation WI Dunn County Bankshares, Inc.
Dec 20, 1999 KSB Bancorp, Inc. ME Camden National Corporation
Dec 18, 1999 Bird and Beaker Credit Union IA 1st Gateway Credit Union
Dec 18, 1999 First State Bank OK First State Bank
Dec 18, 1999 Mid America Steel Employees Credit Union ND United Savings Credit Union
Dec 17, 1999 Lincoln Bank & Trust Company OK First Bank & Trust Company
Dec 17, 1999 Lincoln Financial Corporation OK First Bank & Trust Company
Dec 16, 1999 Fulton Savings Bank, FSB MO The Central Trust Bank
Dec 16, 1999 Central Texas Bank TX United Bank Texas
Dec 16, 1999 Pergament Employees Federal Credit Union NY Sperry Associates Federal Credit Union
Dec 15, 1999 California Financial Bancorp CA California Community Bancshares, Inc.
Dec 15, 1999 Trident Credit Union PA Trumark Credit Union
Dec 15, 1999 Pacific Financial Corporation WA Pacific Financial Corporation
Dec 14, 1999 Utica-Observer-Dispatch Employees Credit Union NY G.P.O. Federal Credit Union
Dec 14, 1999 Meadow Gold Employees Federal Credit Union ID Idaho United Credit Union

The list holds 500 of the 1,063 mergers recorded for 1999.

Enforcement Actions in 1999

Action date Agency Institution Action
Dec 31, 1999 OCC Deposit Guaranty Corp. Prohibition/Removal Orders: Herrington, Donna K.
Dec 31, 1999 OCC SunTrust Bank, Central Florida, National Association Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Rethwisch, Curtis
Dec 30, 1999 OCC (individual) Prohibition/Removal Orders: Pilon, Teresa A.
Dec 30, 1999 OCC Bank of America, N.A. Civil Money Penalty (CMP): Pilon, Teresa A.
Dec 29, 1999 OCC First National Insurance of Estes Park, Inc. Formal Agreement: First National Bank of Estes Park
Dec 21, 1999 OCC Peoples National Bank of Commerce Civil Money Penalty (CMP): Binger, Roy
Dec 21, 1999 OCC Valley National Bank Prohibition/Removal Orders: Polk, John C.
Dec 21, 1999 OCC Modern Bank, N.A. Prohibition/Removal Orders: Troncoso, Maria A.
Dec 17, 1999 OCC Wachovia Bank and Trust Company, N.A. Prohibition/Removal Orders: Jackson, Ivy
Dec 17, 1999 OCC Wachovia Bank and Trust Company, N.A. C&D or PC&D Requiring Restitution: Jackson, Ivy
Dec 13, 1999 OCC_OTS Middlesboro Federal Bank, FSB Supervisory Agreement: Middlesboro Federal Bank
Dec 9, 1999 OCC (individual) Prohibition/Removal Orders: Blakemore, Teresa L.
Dec 9, 1999 OCC (individual) C&D or PC&D Requiring Restitution: Blakemore, Teresa L.
Dec 9, 1999 OCC (individual) Prohibition/Removal Orders: Burton, Eric A.
Dec 2, 1999 OCC_OTS Horizon Federal Savings Bank Civil Money Penalty: Robert W. DeCook
Dec 2, 1999 OCC_OTS Horizon Federal Savings Bank Civil Money Penalty: Thomas L. Gillespie
Dec 2, 1999 OCC_OTS Horizon Federal Savings Bank Civil Money Penalty: Dwight L. Groves
Dec 2, 1999 OCC_OTS Horizon Federal Savings Bank Civil Money Penalty: Gary L. Rozenboom
Dec 2, 1999 OCC_OTS Horizon Federal Savings Bank Civil Money Penalty: Norman P. Zimmerman
Dec 1, 1999 OCC Patriot Bank, N.A. Prohibition/Removal Orders: Hawe, Kieran
Dec 1, 1999 OCC Patriot Bank, N.A. C&D or PC&D Requiring Restitution: Hawe, Kieran
Dec 1, 1999 OCC First National Bank of Newton Prohibition/Removal Orders: King, Elray
Dec 1, 1999 OCC First National Bank of Newton C&D or PC&D Requiring Restitution: King, Elray
Nov 30, 1999 FRB Arab American Bank Written Agreement: Arab American Bank, New York, NY
Nov 30, 1999 OCC Surety Bank, National Association Formal Agreement: Surety Bank, National Association
Nov 24, 1999 OCC East Texas National Bank of Marshall Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Ponder, Gene
Nov 24, 1999 OCC East Texas National Bank of Marshall Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): White, Gaylon
Nov 24, 1999 OCC East Texas National Bank of Marshall Civil Money Penalty (CMP): Cureton, Marvin
Nov 24, 1999 OCC East Texas National Bank of Marshall Civil Money Penalty (CMP): White, Gaylon
Nov 24, 1999 OCC East Texas National Bank of Marshall Civil Money Penalty (CMP): Smith, Gerald E. M.
Nov 24, 1999 OCC East Texas National Bank of Marshall Civil Money Penalty (CMP): Ponder, Gene
Nov 24, 1999 OCC East Texas National Bank of Marshall Civil Money Penalty (CMP): Mauthe, Geraldine
Nov 24, 1999 OCC East Texas National Bank of Marshall Civil Money Penalty (CMP): Jordan, James
Nov 24, 1999 OCC East Texas National Bank of Marshall Civil Money Penalty (CMP): Hurley, Frances
Nov 24, 1999 OCC East Texas National Bank of Marshall Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Smith, Gerald E. M.
Nov 24, 1999 OCC East Texas National Bank of Marshall Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Cureton, Marvin
Nov 24, 1999 OCC East Texas National Bank of Marshall Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Hurley, Frances
Nov 24, 1999 OCC East Texas National Bank of Marshall Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Jordan, James
Nov 24, 1999 OCC East Texas National Bank of Marshall Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Mauthe, Geraldine
Nov 23, 1999 OCC Wachovia Bank and Trust Company, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Robinson, Janie
Nov 22, 1999 OCC_OTS Oak Tree Federal Savings Bank Civil Money Penalty: Joe W. Walser, Jr.
Nov 22, 1999 OCC_OTS Carnegie Savings Bank Supervisory Agreement: Carnegie Savings Bnk
Nov 22, 1999 OCC_OTS Carnegie Savings Bank Supervisory Agreement: Carnegie Savings Bank
Nov 22, 1999 OCC_OTS Oak Tree Federal Savings Bank Cease and Desist: Joe W. Walser, Jr
Nov 18, 1999 FRB Foxdale Bank Written Agreement: Foxdale Bank, South Elgin, IL
Nov 18, 1999 OCC Bremer Trust, N.A. Formal Agreement: Bremer Bank, National Association
Nov 17, 1999 OCC Western American National Bank C&D or PC&D Requiring Restitution: Bransford, Tom N.
Nov 17, 1999 OCC Western American National Bank Prohibition/Removal Orders: Bransford, Tom N.
Nov 17, 1999 OCC Western American National Bank Civil Money Penalty (CMP): Wheeler, Richard O.
Nov 17, 1999 OCC Western American National Bank Civil Money Penalty (CMP): Bransford, Tom N.

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